CIBC mortgage amortizations soar given its heavy weighting of variable-rate mortgages

The article titled "CIBC Mortgage Amortizations Soar Given Its Heavy Weighing of Variable Rate Mortgages" highlights the significant increase in mortgage amortizations at CIBC due to its substantial reliance on variable rate mortgages. The article explains how variable rate mortgages, which are tied to fluctuating interest rates, have resulted in longer mortgage amortization periods for CIBC customers. It discusses the implications of this trend on borrowers' financial planning and the potential impact of interest rate changes. The article emphasizes the need for borrowers to understand the terms of their mortgages and carefully evaluate their financial situation.